Japan's cloud accounting software industry is 6-10 years behind the United States and Australia. That means there's plenty of catch-up growth ahead. In my write-up on software developer freee, I note that it expects its corporate client base to eventually triple.

"Explain in simple terms how Carabao makes money" ChatGPT 5 Thinking vs Gemini 3 Pro Thinking. Which answer do you prefer?

Logizard's (4391 JP) 1QFY2026 result was poor with revevenue growth of only +2.7% YoY and net profit -40%. We knew margins would contract due to aggressive hiring, but new projects lagged. Cloud +8.0% YoY. However, FY2026 rev guidance still +12% YoY. Will prob buy on weakness.

Which generative AI tool should you pay for (if any)? Let's figure it out.

This year's write-ups on Asian Century Stocks. If you're interested in any of them, join! asiancenturystocks.com/library/

Alt-data sources I use, ranked in order of importance and using Pop Mart as an example:

Dan Rupp at Parkway Capital: - Time in the market > timing the market (stay long) - Has reallocated from China/HK to Thailand/Indonesia - Bull case for Asia is a weak USD - Sells when 1) original thesis wrong 2) better oppty 3) full valuation www.youtube.com/watch?v=lUr5...

The Asian markets ranking the highest on insider buy/sell ratio: 1. Malaysia 2. Thailand 3. Philippines 4. Hong Kong 5. South Korea 6. India 7. Vietnam 8. China Southeast Asia is clearly where the value is at…

John Templeton's 22 investing maxims

1. Avoid cash hoarders 2. Avoid shrinking-demand product 3. Avoid commodity products 4. Avoid complex corporate structures 5. Avoid aggressive accounting 6. Avoid cyclicals at peak margins 7. Avoid highly indebted companies 8. Avoid government interference www.asiancenturystocks.com/p/how-to-avo...

A fun interview with Myles Kuah, the winner of this year’s Australian Survivor (free to read)

I just published a guide to corporate governance. It will be helpful for both new and experienced investors, I think, regardless of whether you’re investing in Asia or not. It’s free to read, so if you like it, share it with your friends.

Here's a great interview with Michael McGaughy from Research Alpha. He discusses Nigeria, Sri Lanka, Argentina and more.

Loved Joan Magretta's book "Understanding Michael Porter". Here are the key takeaways from the book (1/x):

A list of my most recent write-ups on Asian Century Stocks: www.asiancenturystocks.com

The natural progression of investors in Asia

10x3 write-ups, articles and podcasts. Perhaps the best curation emails for Asian stocks? You be the judge. bsky.app/profile/frit...

Malaysian stocks can now be purchased via Interactive Brokers: 1,000 mostly small caps that few global investors are paying attention to. So let's learn about the market. In this post, I discuss 25 Malaysian companies that dominate their industries. www.asiancenturystocks.com/p/hidden-cha...

A list of my most recent write-ups on Asian Century Stocks: www.asiancenturystocks.com/p/table-of-c...

Ten ways you can become smarter through generative AI 1. Better search 2. Summaries 3. Q&A with primary sources 4. Create a podcast 5. Generate transcripts 6. Deep Research report 7. Mind maps 8. Idea generation 9. Analyze earnings call sentiment 10. Write beautiful language

A list of my most recent write-ups on Asian Century Stocks: www.asiancenturystocks.com/p/table-of-c...

To learn more, just click the link in my bio: bsky.app/profile/frit...

10x3 links for April 2025. Enjoy! www.asiancenturystocks.com/p/links-apri...

I interview Jussi Askola to understand his approach to picking REITs, and how he thinks about several REIT sub-sectors. Enjoy! www.asiancenturystocks.com/p/10-questio...

A list of my most recent write-ups on Asian Century Stocks: www.asiancenturystocks.com/p/table-of-c...

A list of my most recent write-ups on Asian Century Stocks: www.asiancenturystocks.com/p/table-of-c...

In case you missed it: a write-up on Indonesian IT distributor and system integrator Metrodata. Grew +14% the last year, yet trades at P/E 8-9x. www.asiancenturystocks.com/p/metrodata-...

In this post, I try to make sense of Trump’s tariffs. It was written before his 90-day moratorium for non-retaliating countries. But the main point still stands: the tariffs will take the world a step closer to an iron curtain. www.asiancenturystocks.com/p/tariff-chaos

All you need to know about Twitter

I've been thinking more about the underlying tenets of investing in equity indices as a savings mechanism and how they may be breaking down in the U.S. There are a few underlying premises around 'owning the market' - the existence of a positive equity risk premium - strong corporate governance

Weekly Highlights: IBKR Korea trading access, Indonesian stocks, Fairfax India, Dawn Fitzpatrick www.asiancenturystocks.com/p/weekly-hig...

Now's the time. Click the link in my bio: bsky.app/profile/frit...

A top economics reporter goes off script on national TV: “I am going to say this at risk of my job, but what President Trump is doing is insane.”

A list of my most recent write-ups on Asian Century Stocks: www.asiancenturystocks.com/p/table-of-c...

How it started How it ended

A key lesson from Barton Bigg's book on war is the need for diversification across countries and jewelry / property / stocks. Stock markets in winning countries performed better than occupied nations. During war, P/E was 5-10x. Favor nations with strong armies, eg Japan or US.

A list of my most-recent write-ups on Asian Century Stocks: www.asiancenturystocks.com/p/table-of-c...

Trump is unambiguously embracing Putin under the guise of peace. Because everyone is for peace. DOGE is a power grab under the guise of eliminating government waste. Because everyone is against government waste. Don't fall for this basic con.

Paid subscribers just received a 57-page deck on Link REIT in their inboxes. You can also find the deck and the video presentation on the Substack here: www.asiancenturystocks.com/p/link-reit-...

A list of my most-recent write-ups on the Asian Century Stocks newsletter: www.asiancenturystocks.com/p/table-of-c...

Weekly Highlights: MAS equity market development program, Boustead Singapore, Devsisters, Mark Holowesko www.asiancenturystocks.com/p/weekly-hig...

How do Zoomers behave? Gen Z / Zoomers = 13-28 year-olds Their behavior will set the tone for the next few decades. They'll become the consumer of tomorrow, with rising spending as they enter the work force.

Weekly highlights: Haad Thip, Peter Lynch, Chinese stocks www.asiancenturystocks.com/p/weekly-hig...

A list of my most-recent write-ups on the Asian Century Stocks newsletter: www.asiancenturystocks.com/p/table-of-c...

New deep-dive on the stack: Coca-Cola Bottler Haad Thip HTC TB www.asiancenturystocks.com/p/haad-thip-...

Here's why I think trading volumes in the Philippines are likely to pick up soon www.asiancenturystocks.com/p/a-coming-s...

CMEPA, portfolio update, Boardroom Knockout, Abhijeet Singh www.asiancenturystocks.com/p/weekly-hig...

Tackling one of the most boring topics ever. Enjoy! www.asiancenturystocks.com/p/guide-to-d...

Weekly Highlights: The US Dollar, JD.com, Mayora Indah, Nintendo www.asiancenturystocks.com/p/weekly-hig...

A list of my most-recent write-ups on the Asian Century Stocks newsletter: www.asiancenturystocks.com/p/table-of-c...